The Sky Haus sits atop 3,968-foot Jay Peak, looming precariously over the ski resort like a medieval castle from Tim Burton’s “Nightmare Before Christmas.” The edifice has been perched there proudly for half a century, offering breathtaking views of Quebec’s Eastern Townships to the north. It’s also been witness to some of the best skiing conditions found anywhere in New England.
Few resorts blend past and present with current intrigue quite like Jay Peak Resort in the northern reaches of Vermont. That intrigue is fueled by a somewhat notorious recent history, with the resort experiencing exceptional highs and lows over the past decade. The details make for a fascinating script at a legendary resort with an uncertain future.
There’s little doubt that Jay Peak, which celebrates its 60th anniversary next year, will continue to be a major player in New England, both as a ski destination and as a year-round resort. The question, really, is “Who will ultimately own Jay?” The resort has been in the news often over the past four years for all the wrong reasons.
There’s no reason to sugarcoat it — Jay Peak currently resides in federal receivership, after agents from the Securities Exchange Commission seized the property and a sister resort, Burke Mountain, from owner Ariel Quiros (the “Q” in the oddly named Q-Burke) in 2016 amid charges of fraud. Michael Goldberg, the court-appointed receiver, said he’s hopeful a buyer will be found for Jay by next summer.